BoC Official Warns Against Playing With Mortgage Rules to Make Housing Affordable

Bank of Canada senior deputy governor Carolyn Rogers speaks during a press conference at the Bank of Canada in Ottawa on Oct. 23, 2024. The Canadian Press/Sean Kilpatrick

The Bank of Canada’s senior deputy governor is warning against adjusting mortgage rules to try to make the prospect of homeownership more affordable.

Carolyn Rogers delivered a speech Wednesday on the mortgage market to the Economic Club of Canada in Toronto.